US Crypto Czar David Sacks: Bitcoin to Be Kept as Store of Value
The US will hold Bitcoin in its reserve as a store of value, similar to gold, says Crypto Czar David Sacks.
- The US will not sell Bitcoin in its reserve, treating it like digital gold.
- David Sacks compares the reserve to a “digital Fort Knox.”
- Bitcoin’s role as a store of value continues to gain institutional recognition.
In a significant development for the crypto industry, David Sacks, widely recognized as the “Crypto Czar” of the United States, has confirmed that Bitcoin deposited into the country’s reserves will not be sold. Instead, it will be preserved as a store of value, much like gold in Fort Knox.
Sacks emphasized the importance of Bitcoin as a digital asset, stating, “The reserve is like a digital Fort Knox for the cryptocurrency often called digital gold.” This statement reinforces the growing belief that Bitcoin is more than just a speculative investment; it is a crucial financial asset for national reserves.
Bitcoin’s Role in National Reserves
Bitcoin has often been referred to as “digital gold” due to its scarcity and ability to act as a hedge against inflation. By choosing to store Bitcoin instead of selling it, the US government signals a long-term belief in the asset’s potential.
This move aligns with the strategies of major financial institutions and countries that are increasingly recognizing Bitcoin as a viable reserve asset. Nations like El Salvador have already adopted Bitcoin as part of their national reserves, and the US following a similar path further legitimizes its role in the global economy.
JUST IN: 🇺🇸 Crypto Czar David Sacks says the "US will not sell any Bitcoin deposited into the reserve. It will be kept as a store of value"
— Watcher.Guru (@WatcherGuru) March 7, 2025
"The reserve is like a digital Fort Knox for the cryptocurrency often called digital gold." pic.twitter.com/mhini6G9Ug
What This Means for Crypto Investors
For cryptocurrency investors, the US government’s stance serves as a bullish indicator. The decision to hold Bitcoin rather than liquidate it suggests a growing confidence in its value retention over time.
With institutional adoption on the rise and governments embracing Bitcoin as a reserve asset, the cryptocurrency market is likely to witness increased stability and credibility. As Bitcoin continues to mature, its position as a key financial instrument in the digital age becomes more evident.
